Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from QPM Energy ( (AU:QPM) ) is now available.
QPM Energy has secured credit approval from the Northern Australia Infrastructure Facility for a loan facility of up to $72 million to help fund construction of its 112MW Isaac Power Station in Queensland. The NAIF loan, to be provided via the State of Queensland and subject to state approval and customary conditions, will form part of a broader project finance package alongside the restructuring of Macquarie Bank’s existing $113.7 million master lease into a project loan.
The Isaac Power Station, comprising two GE Vernova aeroderivative gas turbines, is on track to become the first major new gas-fired plant in Queensland in more than 15 years, with targeted commercial operations in the second half of 2027. Positioned to provide long-duration, reliable generation for over 30 years and aligned with the Queensland Government’s roadmap calling for more gas capacity, the project reinforces QPM’s role in supporting grid reliability through the energy transition and strengthens its standing in the regional power market.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.10 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
QPM Energy Limited is an emerging, vertically integrated utility company focused on developing gas-fired power generation assets in Queensland. Its flagship project is the 112MW Isaac Power Station, which will be underpinned by the company’s substantial independently certified gas reserves and resources to support the state’s energy transition.
Average Trading Volume: 7,205,297
Technical Sentiment Signal: Sell
Current Market Cap: A$122.7M
See more insights into QPM stock on TipRanks’ Stock Analysis page.